Tesla Inc Chief Executive Officer Elon Musk said on Friday he was terminating his $44 billion deal for Twitter Inc, saying that the social media company had failed to provide information about fake accounts on the platform.
Shares of Twitter fell 6% in extended trading.
In a filing, Musk’s lawyers said Twitter had failed or refused to respond to multiple requests for information on fake or spam accounts on the platform, which is fundamental to the company’s business performance.
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Source: Reuters
